taxes

The latest video from Herman Cain’s “Cain’s Solutions Revolution” is truly bizarre. So what are we supposed to make of this? Small business is like a tiny bunny, and the current tax system shoots it into the air where it can be splattered by a man in a suit? Is the little girl supposed to […]
[Read More]

If you’re big seller on eBay or other online sites, you may find the profits from your side business take a hit this year. The Internal Revenue Service is stepping up tax collections from online sellers, Entrepreneur’s Carol Tice reports. In an effort to boost tax revenue in a time of mounting federal budget deficits, […]
[Read More]

Christopher Keeble, though, seemed a little out of place. He was wearing a tie and holding a sign that read “I <3 Capitalism.” It caught my attention, since the Occupy movement has been billed as some sort of liberal Tea Party.

Yet Keeble wasn’t a counter-protester amid the throng. Keeble, who told me he works in sales, said he came to the protest because he wanted to fight the perception that it was some sort of socialist gathering. In fact, it’s his love of capitalism that caused him to show up.

When I talk to small business owners, the most common concern I hear them discuss isn’t regulation or taxes, it’s a lack of demand. They worry that there simply aren’t enough customers buying their products, and they don’t see any sign that demand will pick up anytime soon. As I’ve pointed out before, that’s supported […]
[Read More]

A group of 13 corporations and organizations is using the tax debate that’s sprung up around President Obama’s to raise taxes on the rich to call for cutting the corporate tax rate. The group is calling itself the “Reducing America’s Taxes Equitably” coalition. In a release, the group decried the 35 percent corporate tax rate […]
[Read More]

Last night, President Barack Obama outlined a plan to create jobs and jump start the economic recovery through a series of tax cuts and other stimulus. The president also claimed his $447 billion program would be paid for, although it’s not clear exactly how. In the short-term, the jobs bill will undoubtedly add to the […]
[Read More]

President Obama’s $447 billion jobs package — yes, the price tag has already increased from the earlier estimates today — outlined a number of politically safe ideas to bolster the stagnating economy. The centerpiece of the program, proposed in a speech before Congress this evening, is a one-year expansion and extension of the payroll tax […]
[Read More]

In his speech tonight, President Obama will propose cutting payroll taxes for workers and small business owners as part of a package to stimulate job growth and bolster the flagging economy. According to Bloomberg News: He proposes to extend and increase the temporary cut in payroll taxes for workers, from 4.2 percent under last December’s […]
[Read More]